Under the deal, Green Mountain will assist Bayside with certain preliminary development work including project due diligence, identification of project capital sources and technology vendors, and negotiation of a JV agreement between investors and Bayside.
The company will also draw upon the resources of its affiliate partners to develop a JV agreement to progress the development of Bayside drilling leases from the acquisition stage to commercial production.
Green Mountain provides project development services for capital providers and technology operators and distributes licensed products related to the energy, agricultural and environmental sectors.